IN FOCUS

QUINCY, Ill., June 14 /PRNewswire/ — Gardner Denver, Inc. (NYSE: GDI) announced today that it has received a substantial order for drilling pumps from Helmerich & Payne International Drilling Co., a subsidiary of Helmerich & Payne, Inc. (NYSE: HP). The amount of the order is in excess of $12 million and requires deliveries throughout the remainder of 2001 and mid-2002.

BRIDGEPORT, NEW JERSEY – Godwin Pumps of America, Inc. (GPA), the largest manufacturer and rental supplier of portable pumping systems in North and South America, has announced its acquisition of Godwin Pumps Limited (GPL), Quenington, England. The combined companies will have sales in excess of $100 million.

TECUMSEH, Mich., May 23 /PRNewswire/ — Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced today the declaration of a regular quarterly cash dividend of $.32 per share payable June 29, 2001 to shareholders of record of its Class A and Class B Common Stock as of June 15, 2001.

With a growth in net turnover of 17%, the first year of the new millennium was one of the best ever in the history of the Grundfos Group. This was particularly due to increasing profit deriving from an increased turnover totalling DKK 9,522m.

Pfeiffer Vacuum, a leading manufacturer of high-quality vacuum pumps, vacuum gauges and complete vacuum systems, announces its results for the 1st quarter of 2001.

Strong growth in Germany – Stagnation in the U.S.A.

After-tax income advances sharply by 46.5 %

In December 2000 the divestiture of Sulzer Turbo AG to the MAN Group was announced within the framework of the Sulzer focusing strategy. This take-over has now been finalized by contract closure on May 21, 2001 between MAN AG, Munich/Germany, and Sulzer Ltd, Winterthur/Switzerland.

Osmonics, Inc. (NYSE:OSM), a worldwide leader in the manufacturing of water purification and fluid handling systems, announced the opening of their newest sales office in Latin America. The new office, in Curitiba, Brazil, is ideally located for the company’s sales efforts, situated equal distances from the two largest markets in the Mercosur, the free trade zone of the southern cone of South America.

Overall economic growth is expected to be modest in 2001. The downturn in the world economy and uncertainties as to the direction which the US economy is going to take are having a negative impact on investment decisions. But this slow-down in economic activity will have a delayed effect on the pumps and valves industry.

CHARLOTTE, N.C., May 8 /PRNewswire/ — United Dominion Industries Ltd. (NYSE, TSE: UDI) today announced that, in connection with an offering by SPX Corporation (NYSE: SPW) of 20-year Liquid Yield Option(TM) Notes (LYONs), SPX will circulate an offering memorandum that will address United Dominion’s preliminary first quarter results.

– Inflow of orders: SEK 2,900 million (2,357)

– Invoiced sales: SEK 2,375 million (2,214)

– Operating earnings: SEK 100 million (107)

– Earnings after financial items: SEK 76 million (83)

– Earnings per share: SEK 1.63 (1.80)